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Electric Scooter Insurance

By Finserv MARKETS - Oct 24,2019
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Electric scooter insurance

Due to heavy traffic and lack of parking space in urban areas, a large number of citizens are opting for two-wheelers for their daily commute. However, the increase in two-wheelers has resulted in a significant rise in air pollution in recent times. Thus, in order to curb the rapidly increasing air pollution, the government of India has introduced a series of policy measures and incentives to promote electric two-wheelers in the country. Electric scooters have very low refueling prices and lower maintenance charges as compared to those running on fossil fuels. These benefits of electric scooters have made them a preferred choice over traditional petrol-powered vehicles. Another major advantage of purchasing an electric two-wheeler is that it has a comparatively lower insurance cost. You can also customize your bike insurance policy based on your specific requirements.

Mentioned below are the salient features and benefits of a two-wheeler insurance policy:

  • Bike insurance is categorized under a motor insurance plan. According to the new Motor Vehicle Act 2019, it is mandatory for bike owners to purchase a two-wheeler insurance policy.
  • A typical comprehensive insurance policy will provide you coverage against a variety of risks such as losses or damages caused by theft, collision, crash, fire, and other natural and man-made disaster.
  • If you don’t have a valid bike insurance policy, you may have to bear the entire financial burden in the case of loss or damages arising from an accident caused to or by your two-wheeler.

It is important that you make a note of the exclusions and the premium rate while purchasing a two-wheeler policy. Once you have a clear idea about the coverage and the price of your two-wheeler insurance policy, you must look for the right insurance provider. Make sure that your insurance provider has a good pre-purchase and post-purchase support as well as high claim settlement ratio. This will help you avoid any sort of inconvenience in the later stages. Nowadays, with the help of leading insurance providers, you can purchase bike insurance online.

A Bajaj Allianz Two Wheeler Insurance available at Finserv MARKETS comes with key benefits such as round-the-clock assistance, hassle-free claim settlement and special add-on covers. Additionally, you can initiate your Bajaj Allianz Bike Insurance Renewal from the comfort of your home.

No claim bonus and discount on voluntary deductible are some of the added benefits of purchasing a Bajaj Allianz Policy. Therefore, if you looking forward to purchasing an insurance, you can opt for Bajaj Allianz bike insurance policy to enjoy the benefits associated with it.

You can also read about electric cars and car insurance on the Finserv MARKETS website.

Read our top blogs to know more about two wheeler insurance in India:

Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. Loans, Insurance, Investment, and exclusive EMI store, all under one roof- anytime, anywhere!

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522